ZiLZU

BTC: fud bear bull mixed market

Short
ZiLZU Updated   
BITFINEX:BTCUSD   Bitcoin
Hi all,

For the past couple of days, we had some weird fud and 10,000BTC transferred to different exchanges and etc. But, for short term trading, we have H&S pattern.

Notice that volume doesn't follow that much as it forms Head and Shoulder but still for those who trade day-to-day, we can sell, just step back a lil bit, and watch how it goes.

Definitely, BTC price is not going down and trying to breakout 7300 but failed so far. we can enter a new position after BTC decides which way to go.
Comment:
margin trader,

we have more than 48% profits as of right now, current btc price is $7153.
we can liquidate AT LEAST 1/3 of our short position here
since this falloff doesn't come up with huge volume, this candle may be end up with hammer possibly.

Risk management is important !

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